The U.S. Treasury is wading into the fight against ransomware by sanctioning virtual cryptocurrency exchange Suex for its role in facilitating ransomware payments. The sanctions are the first of its kind against a cryptocurrency exchange, and prohibit Americans from doing business with the company. It’s the latest action as part of a U.S. government-wide effort […]
Jscrambler raises $15M Series A to help defend against website attacks
Jscrambler, a Portugal-based startup specializing in cybersecurity products that protect organizations against web data exfiltration attacks, has secured $15 million in Series A funding. The investment, which comes two years after the startup secured $2.3 million in seed funding, was led by Ace Capital Partners and backed by existing investors Sonae IM and Portugal Ventures. Jscrambler […]
Cybersecurity startup Sternum raises $27M to ‘immunize’ IoT devices
Sternum, a three-year-old IoT cybersecurity startup based in Tel Aviv, has secured $27 million in Series B funding, led by Spark Capital. Internet of Things devices are more popular than ever, yet cybersecurity remains a looming concern. The number of attacks on IoT devices more than doubled during the first six months of 2021, according to […]
Telegram emerges as new dark web for cyber criminals
Growing network of hackers sharing data leaks on encrypted messaging app.
Ransomware: A market problem deserves a market solution
To fight ransomware attacks, appreciate the economics — the markets that enable ransomware — and change the market dynamics.
BitSight raises $250M from Moody’s and acquires cyber risk startup VisibleRisk
BitSight, a startup that assesses the likelihood that an organization will be breached, has received a $250 million investment from credit rating giant Moody’s, and acquired Israeli cyber risk assessment startup VisibleRisk for an undisclosed sum. Boston-based BitSight says the investment from Moody’s, which has long warned that cyber risk can impact credit ratings, will […]
Technology giant Olympus hit by BlackMatter ransomware
Olympus said in a brief statement Sunday that it is “currently investigating a potential cybersecurity incident” affecting its European, Middle East and Africa computer network. “Upon detection of suspicious activity, we immediately mobilized a specialized response team including forensics experts, and we are currently working with the highest priority to resolve this issue. As part […]
Thoma Bravo takes a stake in threat intelligence provider Intel 471
Private equity giant Thoma Bravo has taken a stake in Intel 471, a provider of cyber threat intelligence for enterprises and governments. The strategic growth investment, which comes as organizations double-down on cybersecurity amid a pandemic-fueled rise in cyber threats, will enable Intel 471 to evolve its product suite, broaden its go-to-market strategy and continue […]
Howard University cancels classes after ransomware attack
Washington, D.C’s Howard University has canceled classes after becoming the latest educational institution to be hit by a ransomware attack. The incident was discovered on September 3, just weeks after students returned to campus, when the University’s Enterprise Technology Services (ETS) detected “unusual activity” on the University’s network and intentionally shut it down in order […]
BreachQuest emerges from stealth with $4.4M to modernize incident response
BreachQuest, an early-stage startup with a founding team of cybersecurity experts building a modern incident response platform, has emerged from stealth with $4.4 million in seed funding. The investment was raised from Slow Ventures, Lookout founder Kevin Mahaffey, and Tinder co-founders Sean Rad and Justin Mateen, who described BreachQuest as having a “disruptive vision and […]